Top 10 Uses For a Business Simulation

Hello World-

Let's just jump right in:

Top 10 Uses For a Business Simulation

- Business Simulation for Leadership Development
- Business Simulation for High Potential Leaders
- Business Simulation for Business War Games
- Business Simulation for Sales Training
- Business Simulation for Strategy Testing
- Business Simulation for Operational Excellence
- Business Simulation for Strategy Exploration
- Business Simulation within Business Gamification
- Business Simulation for Business Strategy Gamification

"What can a business simulation actually be used for?" There you go: Just 10 ideas. Of course, there are many more, but this guideline should inspire some ideas for you to think about. We've even heard of using a business simulation to teach fifth graders about money and business. Interesting....

Let us know if you have other ideas of how to use these valuable tools and we'll add it to the list.

Have a great weekend!

Business War Games: Business Simulation for Strategy Testing

Hello World-

This has been written about a few time, but thought it was worth bringing up again.

Using Business War Games

What: What is a Business War Game? Business War Games are a tool that is used to test and 'play' with a potential future strategy. These don't necessarily have to be a simulation, but they often share the same characteristics with a business simulation. Business War Games also don't have to be computer based either. In many cases, these can be simple paper based solutions. This helps save money. But what these tools are is effective. They are also complex to create. There are a lot of moving parts to a business war game. The same is true for a business strategy simulation as well. Business War Games let executives test their strategy before they commit to it 100%.

How: How is a business war game used? Business War Games are used like this: Traditionally, you'll bring in a few executives that are involved in creating the strategy. You don't need many. Just a few. You'll have each person take on the role of a different company that only includes 1 ‘version’ of your actual company. You'll actually begin competing against each other testing your strategy. You can see why it's similar to a business strategy simulation.

Why: Why use a Business War Game? This is to enable you to squeeze out strategic elements you hadn't considered while creating the strategy. Most importantly, this includes the human reaction to a new strategy. This is often the least thought of during strategy development.

As you can see, a Business War Game is very similar to a Business Strategy Simulation or a Business Training Simulation.

Hope this helps!

Business Simulation for Sales Training or Sales Conferences

Hello World- Once again, too long between posts. Sorry about that!

We've seen quite the uptick in companies using business simulations for sales training and/or within sales conferences. These sales training simulations are a lot of fun and very educational for the sales managers. What happens in many cases is that the head of sales wants to introduce their sales force to the challenges above or across from their position. Doing so gives sales managers a far wider perspective of what it's like to manage a sales team or company.

Three Components to a Successful Sales Training Simulation

1. Competitive business simulation is preferred - A competitive sales training simulation aligns with the position of a sales manager. This makes the game relevant and real.
2. Ensure you have the customer needs- As a sales manager, you're often focused on quota. Don't forget to integrate a strong focus on meeting customers needs and demonstrating why this is important.
3. Have fun! A sales training simulation should have a spirit of competitive fun. If it's serious and boring, sales managers will probably disengage.

Sales training simulations are a great use of time at a sales conference. Utilizing a business simulation can make the content of the conference relevant and unforgettable. It will be the part of the conference participants won't forget.

Hope this helps!

Business Training Simulations for Leadership Development

Hello World!

Once again, it's been too long. We've simply had too much work than we can handle. Sorry! The good news is that we've just hired 3 people to help work on things. Thanks for your patience. Ok, the topic of the day:

Business Training Simulation for Leadership Development Overview

Isn't this a leadership development simulation you might ask? Well, yes it is. But there seems to be a misunderstanding about what/when/where/how. Let's take a look.

First, the definition: A leadership development simulation is simply a business simulation that has been customized to a specific leadership development program. This includes utilizing specific leadership competency and tools. In many cases, these business training simulations will have a business portion of the simulation as well. There has to be a business to use the leadership tools, right?

These tools are traditionally used within corporate leadership development programs. In some cases, they might be used for strategy training. Why? Because there is traditionally a large people component of business strategy. While we're talking about tools, business simulations are often used to help people learn HR people development tools such as assessment and more. Business training simulations for leadership development is a great development tool to get people up and running quickly using your models andor tools.

You'll start to see more and longer posts once we get the people up to speed.

Have a great August!

5 Tips to Applying Human Resource Tools to the Business

Hello World-

Are you thinking of increasing the adoption of your Human Resource tools? This trend seems to be on the upswing at the moment. We have seen a lot of tool development and application within large enterprises. We have a few tips from an outsiders perspective:

5 Tips to Human Resource Tool Adoption

1. Keep the tools simple to use- This probably goes without saying, but it's a good reminder. Remember, managers have a very busy job. Unless the tools are easy to naturally use, they won't be used. Keep the tools you choose to use simple and easy to utilize.

2. Pair down the number of tools- Tools are great frameworks for people to work from. But in reality, there is certainly such a thing as too many. In reality, managers will probably utilize three at the most. Pick your top three and focus on implementing these first.

3. Train managers!- Of course, this goes without saying. But to dig a little deeper, you should think about giving managers the opportunity to use the tools before they are expected to use them in the workplace. This will help naturalize the usage of the tools.

4. Practice and followup- Give managers the opportunity to practice the tools and get used to using them. If they don't have the opportunity to try before they buy, they simply won't buy.

5. Make them relevant and real- Demonstrating how these tools impact their business is critical. If they can experience the positive results of using the tools, utilization will become natural.

Even though this doesn't directly impact business simulations, it does correlate. We create a lot of simulations that focus on utilizing Human Resource tools. We thought it would be helpful to share what we've seen work and not work.

Hope this helps!

New Website Launched

Hello World-

Today, an update to the existing web site was launched. It's a completely different platform so you may notice some things either out of place, missing, or different from before. We'll be putting things back in place as we build on this new platform. In the meantime, let us know what you think and what you'd like to see added.

Have a great weekend!

New Solution Offering: Tailored Business Simulations

Hello World-

Have you ever wanted the power of a custom business simulation, but didn't want the complexity or time of building one from scratch? Have you thought to yourself, "I really want to use my leadership model, but don't want the expense and time of a custom solution?" Great! Here's a potential solution for you. Have you looked at a Tailored Business simulation instead of a Custom Business Simulation? If not, it might be worth a look.

Should I go Tailored Business Simulation or Custom Business Simulation?
Let's start by looking at a simple graphic that outlines some of the difference:


Even though this is a generalization, it might help give you a general idea. You should look at a tailored business simulation if any of the following occur:
- Limited Budget
- No Need For Licensing
- Quick Turnaround
- Still Use Your Leadership Tools

If this is something that is interesting, you should drop us an note and we can help guide you through the what, what not's, and how's. Happy to answer any questions.

Hope this helps! Let us know what you think.